Statistics Canada

Statistics Canada: The loonie was up 0.37 a cent to 95.99 cents US as Statistics Canada reported that contractors took out $6.5 billion worth of building permits in September, up 1.7 per cent from August. That was much higher than the 0.7 per cent rise that economists had expected, according to CTV. The EU's statistics office said that retail sales across the 17-country eurozone fell 0.6 per cent in September from the month before and TORONTO -- The Canadian dollar closed higher Wednesday amid rising commodity prices and strong housing data. Traders also looked ahead to Thursday and the next scheduled interest rate meeting of the European Central Bank amid hopes that the latest economic data will persuade the ECB to cut its key rate to 0.25 per cent. (www.immigrantscanada.com). As reported in the news.